As the country reopens theres an increase in coal but 19 cases is there a balance between economics and held to be found a member of trans Economic Team is here to respond on this edition of. What the end of politicking on larry king as the country is gradually reopened theres been an increase of call that 19 gazes in more than 20 states wheres the balance for the average american Stephen Moore member of President Trumps economic taskforce coauthor of trumbull nomics inside the american 1st plan to revive the American Economy stephen thanks for joining us today where. How would you describe the sanity economy right now well its pretty poor i mean theres no question that weve done serious Severe Damage to the American Economy through the shutdown. Businesses and putting so many millions of americans tons of meds americans out of work so its its sad to me because i really felt like going into 2020 in the 1st month or 2 of 2020 we had one of the best economies and 30 percent lowest Unemployment Rate low inflation wages for brigade 8 and it looked like it was a good we were in for a lot lot of prosperity and now weve weve just really been sacked so hard by this by this virus and of course the protests and riots have been a problem for the economy i do think were going to get out of this larry but i think its going to its going to get a lot and slow travel a lot of this i think by the end of the year hopefully will happen on employment rate less than 10 percent right now the real Unemployment Rates probably closer to 15 to 20 percent as the president reacts to sloan too late. You know when you when you say slow to the virus do you mean yeah the virus. Well i think that the president im not an expert im not help expert but i do think that the most important and we will shut down the porters checking out where we do a lot of the case were coming in and that was very controversial at the time i think that saved a lot of lives some an intense and very thing we did to slowly it looks like we shut down the travel from europe to slowly although when donald trump did that he was one of the criticized as being as you know flow and so on for shutting down the border. I think that what we need to really look at na is some of the mistakes that were made by the why was the c. D. C. Not more prepared for us for a virus like us a why was the 98 percent are you know we spend over a trillion dollars a year on health care i dont im kind of upset that we didnt have more safeguards to deal with this kind of virus that comes across you know we run into these things every 20 years or so and the government was very unprepared how does a president s mood hes proud hes trailing in the polls what once is a mood like i havent seen a president late in 2 or 3 months because of the government 900 situation and you know hes been relatively sequester but you know Donald Trumps always an up upbeat guy i happen to think that hes got to perform better and im a big fan of his but i think hes got to bring the country together right now in this time of division and i think he has to. Need very straightforward with the American People about what were doing with the with respect to coronavirus what steps were taking to try to not one campaign but resend if the ultimately defeat it but also i think that you know things like what happened last week with the with the oklahoma with this with this rally and our i think that was ill advised i think hes got to speak of directly the American People not just his supporters but all the people calm people down so much were going to get through this that where merican way we we face challenges and we win and so id like to see him speak more to not just the supporters but all of the American People do you personally wear a mask when you go out. I dont wear a mask when i go outside if im out outdoors i do not wear a mask when i am indoors a fight we go to a restaurant or a store or some kind of place i do wear a mask on so thats my own personal policy i believe by the way larry that one of the things weve done thats been a state especially for parents out there to keep your kids indoors is a big mistake its terrible for cant solve its terrible for of their mood their learning experience so get people getting people outside and that look social distancing is support but dont keep your kids like to my house i think we get up for way to a lot and thats enough for repercussions. Should the president that hes the points that he supports sending americans another round of stimulus check you agree. Now so it should be some more shots yeah not one i support very kudlow supports this and not steep works of course and so are the lapper supports that is the suspending the payroll tax for the rest of the year or for every american employer every American Worker including me and you know we would get a 15 percent rate of 7 and a half percent reduction in our payroll costs and terms of how much this withheld from our paychecks every worker would get a 70 percent raise it could a minimum wage worker or pretty employer would say and somehow percent reduction in their payroll costs we think this would create millions of jobs for the rest of the year we have to larry get our economy up and running we have to get people out of unemployment and indeed jobs and one thing i very strongly oppose is this policy of paint people more money for not working not working i think that is a disaster i do think we should give people support if they lose their jobs but it is not there are enough people working hard for 40 hours a week to be paid less than people who are unemployed and then the Congressional Budget Office now says the more than 3 out of 4 workers are going to get paid more money for staying not employed and going back to work thats a problem and think the president is going to ask china for reparations for kovan 19. I hope he does i think he will i think china is the big villain here i think china was deceptive and misleading into not United States but the rest of the world i think china acted incredibly responsibly i dont think that this was attentional in other words i dont think that they i dont think the plot by china but there is no question that they tap act im not just the u. S. Economy but the world a part of me larry and de should pay a price for that and i think they should pay you know i dont know to be on 100000000000. 00 or 200000000000. 00 but theyve done trillions of dollars of damage to our economy and i think they should pay a price and what about the thought that the European Union is going to block americans from coming there. Well i mean i think a lot of that is just the kind of you know play out. But weve done a pretty good job not a great shot but weve done a pretty good job of containing coronavirus look the most important thing to understand the headlines every day in the newspapers is not being reported by the media that has this this is the most important thing to understand about providers we have reduced the death rate from corona about iris from the all time high which was i think in late april mental late april that rate has really reduced i mean im d. Percent let me say that it got reduced the number of deaths on a daily basis i 90 percent that is an incredible achievement we are winning the war against coronavirus were not losing that we have workplaces obviously because were going millions and millions of costs. Well when the president says if we cut back on the testing that will help he was could you think he was kidding. I dont know i think he says he was getting and i think you know he certainly should not accept that because testing is import we need to you know when i came into my office so i could do this interview with you larry the 1st thing we do is take the temperature to make sure that the person is that does not have to have iris and is not is not going to make other people sex so i do i think we should all use very safe procedure its in terms of getting back to work and i also think larry this is my own opinion not ups that everyone should make their own decisions we dont need governors to tell d us what we can and cannot do people can make their own decisions about when its safer that is go back to school when its safe to go back to work when its safe to go into Stores People have different different risks thresholds have their youre a little bit older than i am im 60 but youre in you know youre more susceptible to croak coronavirus me than i am because youre older im older than my 12 i mean i had more susceptible at rest in my 25 year old son so we have to take those kinds of things into consideration we have to be smart about this. Ok. The racial inequities in america have come to the forefront how do you think were handling that. Wow thats a tough question im going to say this larry i believe that. Yet there is no country in the world that has. You know of something false when young people think america is the most racist country in the world we are not the most race i really sincerely we are the least racist country im not saying we dont have racial pops in this country we do it there are Racial Injustice but you know the rate of improvement in terms of Economic Performance so black americans and hispanics americans and Asian Americans has been phenomenal over the last 50 years there is more Economic Opportunity here for minorities than anywhere else in the world thats the reason why every you know and every country in the world minorities boxes fanatics asians want to come to the United States because they know this is a land of opportunity and i think we make a mistake when we keep talking about racism race and racism and not dealing with the issues that really do i think negatively impact black americans in a bigger way for example the terrible inner city schools in this country and forcing you know black parents to send their kids to abysmal schools if we could do something about the School Crisis through School Choice and letting you know low income black americans have the same choice that you and i as you know wealthier americans who are white do i think that would solve a lot of the problems for for blacks and improve their lives and their Living Standards considerably but the concern over Police Mortality is honestly correct in that. Probably i mean im not an expert on this is outside my your expertise i would say though that there are a lot of cops in the United States now question about it and either way ive been away the victim of. Police abuse so i know that this is a problem but also there are a lot of great cops that we need for our protection of our society yeah we need to do a better job already good cops getting rid of. More was Stephen Moore right after this. As the culture war d rages on and they did the billionaire class is only getting wealthy or their wealth has skyrocketed 20 percent or 584000000000. 00 since the start of the pandemic slash lock and how will this fact sheet to complete coverage and is a term that underclass in the north. No team no crown. And no shots. Actually well to be. Struck no one. Point should your thirst for action. Was needed national will discover not only when youve been able to molest that some place it is possible to prevent cross and its kind of scene from the regular morgue youre more your partner if youre going to wrap. Up i mean. My water source like you would overdose lucifer mistletoe is just that im like i dont have time to think of nobody it is not my achievement mr davies our 5 year plans were conceived. But lenient and carried out by the people themselves if gallo would produce or even flirted with the idea of making a film like this he probably be branded as crazy. Now was the sentiment during the war the soviets were brave heroic resisting the nazis thats going to change of course after the war but once the cold war begins. Little people think that hollywood is a free place but hollywood is a strictly defined. In the business and it is said is ideology. Now that i define hollywood is they call it the dream manufacture which at least true but i think equally its a propaganda factory. Join me every thursday on the alec simon show and ill be speaking to guest on the world of politics Small Business im show business ill see you then. Welcome back politicking talking with Stephen Moore of the president s Economic Advisory team again whats going to happen in november. I dont i dont want folks to win the election and i know but right now thats not where the betting odds are but i think donald trump is you know went by basically telling the American People i read American Economy before i can do it yeah im the one who is going to bring jobs back to america im going to im going to fight against china now fight against you know the or open border crowd so make sure that the work thats come in this country legally you know about it lately and i believe and want to merit of were all people and what americans want is safety it what Economic Prosperity of most are the kinds of things that thomas welcome and were not. Well we have to do great in the debate. And well the question of course now is by that there will be debates but i you know i was and did not going to deny it yeah i guess so and by the way i would love to see us as the moderator of one of those debates but it was always there. That you would be fair here thats why i love doing your socks and the tools we have for questions about it the question about joe bidens you know mental capacity is a big issue right now for the couple 3 trump is going to have to make the case to the American People that he cares about them and that he is. Going to take every step possible to rebuild our economy and in the fact of way and i know it so they will be important debates no question about it that i think they should debate as often as possible i think wait now theyre talking about 3 events when they used to in the other argument again im advisors going to get back together with the president and its not certain yet i mean theyre still you know concerned about coronavirus and i thought the president you know maybe once a month or once every 2 months he you know hes almost always in good spirits when i when i talk to him he has a very specific plan in mind for the country you know i always find him to be upbeat and positive about america i think that matters a lot. Stephen always great talking with us today well ok thank you thank you larry you to talk to sit in the House Judiciary Committee is presently investigating white house influence over the Justice Department one of the learned wont change anything with this president were talking about that with our friend Republican Former congressman Bill Mccollum of florida who also served as attorney general of that great state he joins me from florida what do you make of the damning testimony today that about in a variance with the d. O. J. By the government what do you make of that bill well i think that its something we have to take seriously when somebody makes an accusation like that and quite confident is the far i knew him when he was sick with president bush or that for that i think he is a fine attorney general and there are so. Right now do we hear is response again late good july which is scheduled for the same. You think the donald trump understands oversight do you think he truly understands that the Justice Department is separate from the white house where he is a standing of things larry is probably a little different than yours i think is he goes a lot out of his hip pocket but the person who would step through that line in my opinion is bill barr so i really dont think that boarded anything that he did so what to do here and i think he believed was the right i have no idea what the president may have asked or communicated at any given moment you said it was of course in the room but i havent heard anything more than you have but i just dont see that knowing the man knowing bill baroni is gritty i would be very shocked if you think came of this. Concerning the Race Relations in this country weve always had a problem with it do you why do you think its greater now do you think it goes back to the floyd killing. But of course part of war and killing the very brutally all of us in the country rusted and were appalled at clearly there was some something go on there and one would have to conclude it was biased there was animists there was some reason for that that awful this and i think that theres been a long term build up of suspicion and the African Community of a Police General although i found his attorney general by state and where i sort of the crimes of the charity for another of yours in crime rates that most american policeman across this country share it is an unfair but generally very honorable i dont believe there are racially motivated what they do but i think weve got a lot of issues out there right now one of them larry is that among the young africanamericans who have come along since the days of the Civil Rights Movement in the sixtys and become educated and got into the workplace find themselves in an uncomfortable settings by virtue of people who get things that are implicit bias that they dont even realize that theyve said something on